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Ashok Chawla resigns as non-executive chairman of Yes BankFormer bureaucrat Ashok Chawla resigned as non-executive chairman of Yes Bank on Wednesday, the private sector bank said. According to sources, Mr Chawla offered to quit as controversy was being generated on his continuance on the board of directors following his name appearing in a CBI charge-sheet in the Aircel-Maxis case. IT dept looking into 80,000 cases where returns not filed after demonetisationThe Income Tax Department is ...

Media reports earlier this week suggested that the Tata Group had already started its due diligence process in order to pick up a controlling stake in Jet Airways, which recently reported its third consecutive quarterly losses for the quarter ending September.

FM Arun Jaitley says Mastercard, Visa losing out to RuPay and UPI after demonetisationIndia's finance minister has said that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the U.S. government that Prime Minister Narendra Modi was using nationalism to promote a local rival. Finance Minister Arun Jaitley spoke about the surging growth of RuPay and Unified Payment Interface (UPI), which allows swift inter-bank fund transfers, on ...

HSBC executes India's first overseas blockchain payment for Reliance IndustriesBritish bank HSBC has executed India's first financial transaction using blockchain for a deal involving an export by Reliance Industries to an American client. The blockchain-enabled letter of credit transaction was for a shipment from the Mukesh Ambani-led company to US-based Tricon Energy, and helped reduce the time required to process the documents. The statement claimed that the solution is a significant impro...

SC orders seizure of 15-year-old petrol, 10-year-old diesel vehicles as smog turns life-threatening in Delhi-NCRAll 15-year-old petrol and 10-year-old diesel vehicles need to be impounded in Delhi-NCR, the Supreme Court ruled on Monday as air quality became more dangerous. Politicians, however, continued to do what they do best - play the blame game. The judicial intervention came on a day when pollution in 10 areas in Delhi hit the severe mark - the sixth and the last stage on th...

India's largest two wheeler manufacturer Hero MotoCorp on Monday launched its first 125cc scooter Destini in New Delhi as it seeks to ring fence itself from the strong challenge posed by former partner Honda Motorcycle Scooters India (HMSI).